Student Line Of Credit Bank Of America

Gas online shopping dining travel drug stores or home improvement furnishings and 2 cash back at grocery stores and wholesale clubs on the first 2 500 in these combined purchases each quarter.

Student line of credit bank of america.

Bank of america will determine your eligibility for credit line renewal on an annual basis. Banking credit card automobile loans mortgage and home equity products are provided by bank of america n a. Upfront and renewal fees for amounts up to 100 000 are 150. The bank of america student credit cards don t have maximum credit limits but their minimum credit limit for student cards is 500 according to a bank of america customer service representative.

And affiliated banks members fdic and wholly owned subsidiaries of bank of america corporation. This is not a commitment to lend. Business line of credit and term loan interest rate discounts are available to business applicants and co applicants who are enrolled in the program at the time of line of credit or term loan application for a new credit facility excludes specialty lending products that receive customized pricing. That means if you re approved for a bank of america student card whether it s the bankamericard for students or either of bofa s rewards cards for students the lowest credit limit you ll get is 500.

Note that bank of america also doesn t offer student loans. Credit and collateral are subject to approval. Among the three the bank of america cash rewards credit card for students stands out for offering decent and flexible cash back opportunities with no annual fee. But this changed in 2008 when the company stopped offering private loans altogether.

250 for amounts above 100 000 and up to and including 250 000 and 0 5 of the line amount for amounts above 250 000. Bank of america s student credit cards might be a great option for college students looking for their first credit card. Bank of america credit cards for students are designed to help students build credit and assist in establishing good credit habits that can be used to create a foundation for a successful financial future. From travel and cash rewards to a lower interest rate we have credit cards for students with a variety of features.

Bank of america was at one point one of the largest issuers of student loans in the nation offering private loans federal loans and even student loans like the education maximizer loan and the campus edge student loan.